FDIC Certificate #: 14893 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Glenwood State Bank (#956) Federal Reserve ID: 426347 Date Established: December 18, 1925 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 9325 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 04, 1934 Last Structure Change Effective Date: July 01, 2009 Last Structure Change Process Date: September 10, 2009 Last Data Update: September 10, 2009 Data Source Date: April 05, 2012
Location
Address: Main Street, Tabor, IA 51653 County: Fremont Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Omaha Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $26.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
8Total employees (full-time equivalent)
$24,915Total assets
$3,366Cash and due from depository institutions
$200Interest-bearing balances
$7,524Securities
$0Federal funds sold & reverse repurchase agreements
$13,499Net loans & leases
$190Loan loss allowance
$0Trading account assets
$159Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$367All other assets
$24,915Total liabilities and capital
$22,579Total liabilities
$22,397Total deposits
$17,796Interest-bearing deposits
$22,397Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$182All other liabilities
$2,336Total equity capital
$2,336Total bank equity capital
$2,336Perpetual preferred stock
$0Common stock
$45Surplus
$655Undivided profits
Memoranda
$1,636Noncurrent loans and leases
$1,109Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$852Earning assets
$270Long-term assets (5+ years)
$268Average Assets, year-to-date
$21,223Average Assets, quarterly
$1,160Volatile liabilities
$24,058Insider loans
$24,370FHLB advances
$1,260Loans and leases held for sale
$110Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,109Total unused commitments
$0Restructured Loans and leases
$188Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,286Total interest income
$436Total interest expense
$850Net interest income
$86Provision for loan and lease losses
$88Total noninterest income
$0Fiduciary activities
$76Service charges on deposit accounts
$0Trading account gains & fees
$12Additional noninterest income
$639Total noninterest expense
$397Salaries and employee benefits
$120Premises and equipment expense
$122Additional noninterest expense
$213Pre-tax net operating income
$0Securities gains (losses)
$68Applicable income taxes
$145Income before extraordinary items
$0Extraordinary gains - net
$145Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$155Sale, conversion, retirement of capital stock, net
$81Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.74%Yield on earning assets
1.95%Cost of funding earning assets
3.80%Net interest margin
0.39%Noninterest income to earning assets
2.85%Noninterest expense to earning assets
0.60%Net operating income to assets
0.60%Return on assets (ROA)
0.89%Pretax return on assets
6.39%Return on equity (ROE)
2.82%Retained earnings to average equity (YTD only)
1.14%Net charge-offs to loans
55.48%Credit loss provision to net charge-offs
1.93%Efficiency ratio
68,124Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.86%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
22.30%Noncurrent assets plus other real estate owned to assets
3.42%Noncurrent loans to loans
6.22%Net loans and leases to deposits
60.27%Net loans and leases to core deposits
63.86%Equity capital to assets
9.38%Core capital (leverage) ratio
9.70%Tier 1 risk-based capital ratio
15.06%Total risk-based capital ratio
Memoranda
$16Average assets
$24,058Average earning assets
$2,268Average equity
$22,385Average loans
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